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RIL had formed an equal joint venture with IMG Worldwide in 2010 to develop, market and manage sports and entertainment in India.

IMG heeds most demands of telcos, suggests auction next fiscal

The inter-ministerial group too has recommended reduction in licence fee and spectrum usage charges under the new telecom policy.

IMG to review status of Essar iron ore, Vedanta gold mine

Post-Auction Mining Clearances and Approvals Facilitator (PAMCAF), which is chaired by Mines Secretary, will meet on September 8, to review the status of seven mineral blocks, which have been successfully auctioned so far, a senior government official said.

ArcelorMittal-SAIL JV to be operational by December

"An MoU was signed earlier, but there were some issues related to production, etc, which will be sorted in a month or so. It should be operational by the year-end," Steel Minister Chaudhary Birendra Singh said.

Mumbai Indians opt for Jaipur as their IPL home ground

Defending champions Mumbai Indians have opted for Jaipur's Sawai Man Singh Stadium as their home ground in the 9th edition of Indian Premier League cricket tournament after BCCI decided to shift all matches of the cash-rich league from the drought-hit Maharashtra.

JSPL, Tata Steel, others have 8-9 months for green nod: IMG

The IMG which reviewed 1O coal blocks today gave eight to nine months to the allocatees to obtain stage II forest clearance.

SAIL asked to deposit bank guarantee of Rs 57 lakh

The Coal Ministry has asked Steel Authority of India Ltd to deposit a bank guarantee of Rs 57 lakh for delaying development of a mine in Jharkhand allocated to the company for captive use.

IMG decides HZL valuation will be kept 'sufficiently high'

IMG noted that the CBI has registered a preliminary enquiry against the first disinvestment that had taken place on November 6, 2013

CoalMin decides to deallocate 28 blocks

The move comes in the wake of the panel on coal blocks, reviewing the progress of development of 61 coal blocks.

PMO forms IMG on consolidated FDI policy; 1st meet tomorrow

The Prime Minister's Office has set up an Inter Ministerial Group (IMG) headed by the Industry Secretary to simplify the language of the policy on foreign direct investment.

IMG panel reviews performance of 14 coal blocks

The panel had on Wednesday reviewed the progress of 17 mines and recommended that show-cause notices be issued to some of the companies for delays in developing them.

IMG for show-cause notices to cos for coal block dev delay

The government had formed the IMG last year to review the progress of coal blocks allocated to firms for captive use and recommend action, including de-allocation.

IMG reviews coal blocks of cos under CBI scanner

A ministerial panel today reviewed the progress of mines allotted to companies against whom FIRs have been registered by CBI in the case of alleged irregularities in coal block allocation.

Govt slaps show-cause notices on 27 coal block allottees

The government has decided to slap show-cause notices on allottees of 27 captive coal mines for delaying production and seek explanations from another 21 mine holders for not developing them on time.

IMG to review coal blocks of cos under CBI scanner

The inter-ministerial group of ministers will review coal blocks of companies that are under the scanner of the Central Bureau of Investigation (CBI).

IMG meet on coal supply to EUP to be held on June 3

The Committee, under the Chairmanship of Additional Secretary, Coal, is looking into the issue of supply of coal to end use plants of those captive captive coal blocks holders whose mines are facing regulatory hurdles but the plants are ready for commissioning, according to a Coal Ministry official.

Govt to set up inter-ministerial group for quadricycles

CNBC-TV18‘s Ronojoy Banerjee reports that due to the reluctance of the automobile industry to reach a consensus on the need to create a new category of vehicles or quadricycles, the government has now decided to form a high-level inter-ministerial group (IMG) to take a call on this issue.

Coalgate: Showcause notices to 32 coal block allocatees

Government is likely to issue show cause notices to allocatees of 32 captive coal blocks, including NTPC, Tata Steel and SAIL, for failing to develop the blocks on time.

Panel on coal linkages may meet again next week

The Inter-Ministerial panel on coal which met today discussed various issues, including linkages and price pooling, and is likely to meet again next week.

Coalmin deallocates mine in Odisha alloted to 4 PSUs

The Coal Ministry has said it has decided to deallocate a coal block in Odisha jointly allocated to four PSUs, including Odisha Mining Corp and Assam Mineral Development Corp for delays in production.

IMG may meet tomorrow to decide fate of coal mines of PSUs

The Inter-Ministerial Group (IMG) is likely to meet tomorrow to decide the fate of 14 mine alloted to public sector firms.

Deallocation, bank guarantee deduction for coal blocks

The coal ministry has ordered deduction of bank guarantee in the case of DB Power while deallocating coal blocks of some firms. In the case of DB Power, the IMG (inter-ministerial group) has recommended the deduction of bank guarantee to the extent of Rs 5.1 crore.

Cancel 8 coal mines to PSUs, deduct guarantee of 2: IMG

Stepping up action against erring PSUs which failed to develop coal mines, the Inter-Ministerial panel on coal blocks has recommended de-allocation of eight such blocks after scrutiny of 19 cases.

IMG suggests de-allocation of 2 mines allocated to PSUs

The Inter-Ministerial Group (IMG) on coal blocks has recommended de-allocation of two coal mines allocated to PSUs on the ground of companies not developing them, sources said.

IMG may meet in Dec to decide fate of 33 coal mines

The Inter-Ministerial Group (IMG) on coal blocks is now likely to meet early next month instead of October-end to decide the fate of 33 coal blocks allocated to public sector firms which have been issued notices for delay in production.